As part of its contribution toward a carbon-free society, Scotiabank has announced that it is now accepting grant submissions across its footprint, including Guyana for its Net-Zero Research Fund, a release on Tuesday from Scotiabank Guyana stated.
It said that organisations developing innovative research and opportunities to decarbonize key sectors and support the shift to a low carbon economy have until May 28, 2024, to submit a submission for funding. Further, the grants in 2024 will range from CA$25,000 to CA$100,000 and organisations must be registered charities and non-profit organizations to be eligible for the Scotiabank Net-Zero Research Fund.
The release also explained that since 2021, Scotiabank’s Net-Zero Research Fund has distributed some CA$3 million to more than 30 registered charities and non-profit organisations, across its operations conducting climate and decarbonization research. Some projects that have received grants in the past from the fund include: the expansion of carbon sequestration, development of improvements to greenhouse gas emissions measurements, identification of policy and regulatory changes to enable rapid decarbonization, and increasing demand for lower or zero-carbon technologies.
Commenting on the fund, Scotiabank Guyana Country Manager, Nafeeza Gaffoor, stated, “We are making efforts to achieve environmental objectives across our operations and are collaborating with key partners, on efforts to address climate change and protect our environment. I look forward to seeing applications from Guyana as this Net-Zero Research Fund aligns well our country’s low carbon development strategy.”
Persons wishing information on past winners, submission eligibility and to apply may visit Scotiabank’s Climate Change Centre of Excellence on the internet, the release added.
